Unclaimed Funds Will Continue To Grow In 2013

With unclaimed funds continuing to grow across the country, state officials are desperately searching for ways to return the lost funds to the rightful owners. So far officials have few solutions and the problem only continues to get worse. With millions flowing into state Treasury accounts on a yearly basis, officials are nervously anticipating the coming year. Let’s look at a few ways this problem could potentially worsen as we had further into 2013.

 

The 2013 unclaimed funds that Treasury officials have to contend with come from dozens of sources, but the most common ones include:

  • Tax Returns: Every year tax season adds millions of dollars to the unclaimed funds registry. This year is expected to be no different. Tax returns can get lost in the mail, they can get sent to the wrong address or the IRS may have underpaid and now owes the person an additional refund. In any case, the tax return gets lost and we get to witness unclaimed funds continuing to grow.
  • Abandoned Accounts, Safe Deposit Boxes & Storage Units: For whatever reason, bank officials and storage departments find abandoned money and property all the time. Most often this property gets sent to the Treasury department of the state in which the bank or storage company operates where it then gets added to the 2013 unclaimed funds registry.
  • Deposits: Rental and utility deposits often contain a portion that is refundable. When that check gets lost in the mail or gets sent to a different address, the money will become lost money before you know it.

 

These are just a few examples of how unclaimed funds are continuing to grow at an alarming rate. State officials hope that citizens everywhere will take a few moments to search for their names or business names to see if they are the owners of unclaimed funds in 2013.

Search for 2013 unclaimed funds using your first and last name or business name. It only takes a moment, the results are immediate and you’ll be doing your part to put all that money back into circulation where it belongs.